Jonathan Timbrell

Thanks for replying but I’m afraid that hasn’t answered my question. Do I put on the cumulative total on this year’s form (ie. The sum of this year and last year’s losses)? Or just the total for this year?

Hi, I would like some clarity as to how I should record some trading losses on my self assessment please. These would be in the ‘Other assets, property and gains’ section. Last year I declared a loss that I could carry forward of £8000. I also expect to have a loss that I could carry forward from this year of £3000. I would not be using any of the previous loss. How should I record this on this year’s form? Do I put the cumulative total of both losses into the box ‘Losses available to be carried forward’. ie. £11000. Many thanks